Weingarten Realty Investors (NYSE:WRI) Stock Rating Lowered by BidaskClub

Weingarten Realty Investors (NYSE:WRI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, June 22nd.

Several other brokerages have also weighed in on WRI. Robert W. Baird began coverage on shares of Weingarten Realty Investors in a report on Thursday, April 20th. They issued an “outperform” rating and a $41.00 price objective on the stock. Jefferies Group LLC reissued a “hold” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a research report on Monday, April 24th. TheStreet downgraded shares of Weingarten Realty Investors from a “b” rating to a “c+” rating in a research report on Monday, April 24th. Boenning Scattergood cut shares of Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research note on Monday, May 15th. Finally, ValuEngine cut shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $39.50.

Weingarten Realty Investors (NYSE WRI) traded up 1.45% during mid-day trading on Thursday, reaching $30.13. The company had a trading volume of 52,756 shares. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 23.69 and a beta of 0.71. Weingarten Realty Investors has a 12 month low of $29.03 and a 12 month high of $43.70. The firm’s 50 day moving average price is $30.61 and its 200-day moving average price is $33.61.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $140.82 million during the quarter, compared to analyst estimates of $140.08 million. Weingarten Realty Investors had a net margin of 29.16% and a return on equity of 9.53%. During the same quarter in the prior year, the business earned $0.57 earnings per share. Equities research analysts anticipate that Weingarten Realty Investors will post $0.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 8th were given a dividend of $0.385 per share. The ex-dividend date was Tuesday, June 6th. This represents a $1.54 annualized dividend and a yield of 5.19%. Weingarten Realty Investors’s payout ratio is currently 122.22%.

COPYRIGHT VIOLATION WARNING: “Weingarten Realty Investors (NYSE:WRI) Stock Rating Lowered by BidaskClub” was originally posted by BBNS and is the property of of BBNS. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://baseballnewssource.com/markets/weingarten-realty-investors-wri-stock-rating-lowered-by-bidaskclub-updated-updated/1072729.html.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Weingarten Realty Investors by 3,391.0% in the first quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock worth $617,261,000 after buying an additional 17,956,849 shares in the last quarter. CT Financial Advisors LLC increased its stake in shares of Weingarten Realty Investors by 0.4% in the first quarter. CT Financial Advisors LLC now owns 4,111 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 18 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Weingarten Realty Investors by 2.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 67,372 shares of the real estate investment trust’s stock worth $2,411,000 after buying an additional 1,790 shares in the last quarter. Sei Investments Co. boosted its position in shares of Weingarten Realty Investors by 165.5% in the first quarter. Sei Investments Co. now owns 224,091 shares of the real estate investment trust’s stock valued at $7,483,000 after buying an additional 139,680 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of Weingarten Realty Investors by 6.5% in the fourth quarter. Aviva PLC now owns 75,227 shares of the real estate investment trust’s stock valued at $2,694,000 after buying an additional 4,598 shares in the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.

About Weingarten Realty Investors

Weingarten Realty Investors is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.

Receive News & Ratings for Weingarten Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weingarten Realty Investors and related companies with our FREE daily email newsletter.

 


Latest News

Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies
Boston’s Chris Sale Will Pitch In Each of Three Series With Yankees
Boston’s Chris Sale Will Pitch In Each of Three Series With Yankees
Greg Holland Out For Rockies Following Kitchen Incident
Greg Holland Out For Rockies Following Kitchen Incident
Jon Lester Joins 2,000 Strikeout Club, Hits First Home Run
Jon Lester Joins 2,000 Strikeout Club, Hits First Home Run


Leave a Reply

 
© 2006-2017 BBNS.